Seven Stars Cloud Group plans to develop 58-acres into its Headquarters for Technology and Innovation in West Hartford, Connecticut.

Bruno Wu, Seven Stars Chairman & CEO said, "now that the town of West Hartford has declined its right of first refusal to buy the site of the former University of Connecticut branch campus on Asylum Avenue, we are excited to move forward with our plans to purchase the 58-acre site, remediate it and transform it into our world-class Global Headquarters for Technology and Innovation.”

“By converting the campus into Chain Valley for Seven Stars Cloud Group, Inc., we expect to bring 330 well-paying jobs to West Hartford and invest $283 million in the site, we are energized to soon become part of this thriving community,” he added.

"We look forward to quickly getting down to work with the good people of West Hartford to ensure this will be a project of which everyone can be proud," Wu added.

SSC said it is aiming to become a next generation Artificial-Intelligence (AI) & blockchain-powered, fintech service company, focusing on digital asset production and distribution. The Company facilitates and enables the transformation from traditional financial markets into the asset digitization era. SSC acts as the manager and service provider of an ecosystem for securitization and digital currency tokenization as well as trading system integration.

“We are thrilled at the prospect of building Seven Stars Cloud’s Global Headquarters for Technology and Innovation here in West Hartford, and transforming the former UConn campus into the world’s leading fintech hub, WU said. “We have been heartened by how engaged state officials and members of the public are in building a high-tech future job market here, and we continue in our to pledge to be open and honest about both our business and our plans for the West Hartford site. We welcome any and all dialogue on our planned development, today and in the future.”

“We ultimately chose to come to West Hartford after narrowing our search to five other states and cities, and we did so due to its proximity to so much abundance, major cities, great schools and universities, and all the talented people who have chosen to live here and raise a family,” WU Explained.